The Australian Government recently introduced new legislation in a bid to maintain its budget surplus. It has extended its Director Penalty Notices (DPN) issued by the Australian Taxation Office (ATO) to also include unpaid taxes included in your BAS Returns such as Goods and Services Tax (GST), Luxury Car Tax (LCT) and Wine Equalisation Tax (WET). These taxes join PAYG Withholding and Superannuation which are currently subject to DPN’s.
There’s a new way to access online government services.
The way you access government services for both business and personal matters is changing this month. myGovID and Relationship Authorisation Manager (RAM) will replace AUSkey at the end of March 2020.
End of financial year is quickly coming up, so it's time for businesses to take stock, to ensure that companies operate tax effectively and ensure business finances are in order for the coming financial year.
The Tax Changes – are they making you worried about your future losses or is it back to fundamentals in property investment.
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